On June 5, Directorate of Revenue Intelligence had arrested both the accused for possession and circulation of FICN having a face value of Rs 2 lakh in Surat.
On July 25, NIA took over the case from DRI and their investigation revealed the involvement of another person identified as Abdul Ghaffar, who is currently absconding.
According to the NIA, accused Mehefuz Shaikh purchased fake currency worth Rs. 2 lakh from accused Vinod Nishad in exchange of Rs. 1.2 lakh genuine Indian currency, who in turn collected it from accused Abdul Gaffar at Muzaffarpur in Bihar.
Further investigation in this regard is underway.